Motricity sells smartphone and D2C businesses

Mobile content solutions provider Motricity continues to restructure, announcing it will sell its smartphone and direct-to-consumer businesses to PocketGear, a new applications distribution platform provider led by Motricity co-founder and former CTO Jud Bowman. The transaction includes Motricity's direct-to-consumer businesses PocketGear.com, SymbianGear.com, PalmGear.com, Smartphone.net and Mobile2Day.de as well as smartphone application storefronts for partners like AOL, Palm and Sony Ericsson. Financial terms of the deal were not disclosed. In a statement, Motricity chairman and CEO Ryan Wuerch said the D2C business was no longer aligned with the firm's strategic outlook as it continues to hone its focus on mobile content infrastructure and services.

For more on the Motricity/PocketGear deal:
-read this release

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